E TRADE Financial Corp (ETFC)

[cta751]

I would be willing to bet there are quite a few investors accumulating some nice size blocks with long term in mind. IMO anyone who can afford to accumulate a large chunk in this price range and hold for a period of time, say 6 to 18 months or longer, should do quiet well when the time comes to sell. With ETFC getting their affairs in order this should be a no brainer for the long term. For those playing short term those who are accumulating should only help out. More shares out of circulation means less shares available when those short begin to cover. When this happens it should call for some nice gains.

I also agree if this does dip below three again it won't stay long and would only spark increased buying and accumulating.

One thing I would love to see would be the company buying some shares back at these fire sale prices as well as insiders loading up. IMO this would only increase investor confidence and drive this a little harder.

All my opinion of course FWIW.